Logourl black

Special Litigation Committee

Definition

A special committee that is composed of independent directors, appointed by the board of directors, and created to determine whether a derivation action is in the best interests of the corporation.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.